Question

calculate the compound interest for₹60000 at 10% per annum for 2years​

Answer 1

answer=12600

EXPLANATION;

FIRST TAKE THE 60000 THAT IS THE PRINCIPAL MULTIPLY IT BY THE RATE OF 10% P.A INSTEAD OF MULTIPLYING BY 2 YEARS AT ONCE ,LIKE IN SIMPLE INTEREST BULTIPLY TH FIRST YEAR AND THE SECOND YEAR SEPARATELY EG;

60000x10%x1=6600 after getting that as your answer add it it to 60000 once again and you will get 66000.after getting that we take 66000 multipl it by the rate and the remaining 1 year.You will get 6600.take the the first year's interest and add it to the 2nd year's interest ahnd you  will have an answer

Answer 2

Answer:

here is your answer makrk as brainliest please please ....

Step-by-step explanation:

thank you

mark as brainliest

please